Sunnyvale, California – February 3, 2026 – Cerebras Systems, a leader in high-performance AI infrastructure, has successfully closed a $1 billion Series H funding round, valuing the company at approximately $23 billion post-money. The round was led by Tiger Global, with significant participation from top-tier investors including Benchmark, Fidelity Management & Research Company, Atreides Management, Alpha Wave Global, Altimeter, AMD, Coatue, and 1789 Capital. The funding underscores strong market confidence in Cerebras’s technology and its vision to accelerate the future of artificial intelligence. Cerebras Systems is known for developing the world’s fastest AI processors, built on a foundation of groundbreaking computer architecture. The company’s flagship product, the Wafer Scale Engine 3 (WSE-3), is the largest and most powerful AI chip ever created. At 56 times the size of the largest GPU, the WSE-3 delivers unparalleled performance by integrating over 2.6 trillion transistors on a single silicon wafer—eliminating the bottlenecks inherent in traditional multi-chip systems. Despite its massive scale, the WSE-3 uses a fraction of the power per unit of compute, enabling inference and training speeds more than 20 times faster than competing solutions. This performance advantage has attracted global adoption from leading corporations, research institutions, and government organizations across four continents. Cerebras systems are deployed both on-premise and in the cloud, offering flexible access to organizations seeking to scale AI workloads efficiently. The company’s technology is particularly valuable for large-scale AI training, scientific discovery, and complex simulation tasks that demand extreme computational power. The new funding will support Cerebras’s continued innovation, expansion of its global infrastructure, and deeper integration with cloud providers and enterprise clients. It also reflects growing demand for specialized AI hardware as generative AI and large-scale models become central to business and research. With AI models growing in size and complexity, traditional GPU-based architectures are increasingly reaching their limits in terms of speed, power efficiency, and scalability—areas where Cerebras’s wafer-scale approach offers a transformative alternative. The investment round also highlights strategic partnerships with key industry players. AMD’s participation signals strong alignment with the broader semiconductor ecosystem, while the involvement of firms like Coatue and Benchmark underscores confidence in Cerebras’s long-term vision and technical leadership. Cerebras was founded by a team of pioneering computer architects, scientists, and AI researchers committed to redefining what’s possible in computing. Their mission is to make AI “blisteringly fast” through relentless innovation, believing that speed in AI will unlock breakthroughs across medicine, climate science, materials discovery, and beyond. With this latest round, Cerebras joins an elite group of AI infrastructure companies valued at over $20 billion, positioning itself at the forefront of the next generation of computing. As AI continues to transform industries, Cerebras’s unique hardware approach offers a powerful solution to the growing demand for faster, more efficient AI processing. For more information, visit www.cerebras.ai or follow the company on LinkedIn, X, and Threads. Media inquiries can be directed to [email protected].